There are no signals sent out on the BPSPX but you can use the
"Live Chart" URL to watch the chart yourself. The last signal
coincided with the gap out of the 30 min wedge and was a good place
to go long. I am hesitant to use it by itself but like to
find other triggers to verify, such as pattern breakouts. The
stop would go below the low that was made before the signal but I
use the 120 min DVTS to manage stops.
If you are going to use the SPY system, you have to be able to
buy the ETFs after the market closes at 4pm, extended hours are up
to 8pm EST. He usually has the trade signal out before 4:15pm
when options close. Sometimes he doesn't know if the signal
is made until the last tick at 4pm.
Posted by chapgolf on 24th of Mar 2020 at 09:33 am
Matt, theRenko chart has now given a buy signal. What do
you think of using the 5 min chart with the ribbons to look for the
first pinch of the uptrend to buy?
Posted by chapgolf on 18th of Mar 2020 at 02:13 pm
I agree Matt, this looks like a much safer system. I am
going to cut loose my UPRO spy system position today as I am
concerned it may just implode. Keeping SPY and SSO for now.
I expect the options will expire worthless but who knows?
Posted by chapgolf on 17th of Mar 2020 at 08:33 am
Matt, I have also come to the conclusion that the DVT might be
my main focus after this crash. The SPY system has it's place
but the one thing I haven't figured out is where to pull the plug
on it and have a max loss amount. I am still in the SPY
trades but wish I had stood aside. What I love about the DVT
is always having a stop and avoiding this whole mess. Thanks
for all your hard work.
I just started trading options this year to be able to use your
system. Very happy with the results so far. Still a
mystery to me what strike price you decide to pick. I have
only been buying one option for each signal until I make sure I
know how to enter and exit the trades. With my job, I also
may not be able to execute the option trades after the market
closes but that's manageable. Thank you very much.
Matt, I would like to use the 2 hour chart with the dynamic stop
to trade SSO. What is the signal to go long, the ATR flipping
from magenta to cyan? Since we only see the chart on the
nightly newsletter, it would be done next day or is this one of the
systems you are still working out before making it available intra
day? If you have already explained this I apologize for not
paying close attention. Love the systems approach as it puts
my emotions in the back seat.
Posted by chapgolf on 12th of Dec 2019 at 03:47 pm
So using the 2 hour chart on SPY, place stop just under $312.81
for the etf. The daily would be down closer to $307.13.
That is if we want to keep our position.
Posted by chapgolf on 29th of Nov 2019 at 11:05 am
Matt, in order to trade the upcoming system, I want to make sure
I have the accounts needed. I have a stock and futures
account at TradeStation. I need to open an options account as
well. I know many option traders prefer Think or Swim for
options but since the only option trading I will be doing is the
SPY system, would TradeStation be a good platform to use as well?
I am trying to keep it as simple as possible by having all my
trading accounts under TS. If I am trading the options, I
suppose using the etf''s can be reserved for my 401k since I cannot
trade options in my 401k and just use options for my regular
trading accounts?
$Silver Quarterly: Stefano Bottaioli posted a similar chart on
Twitter, third bullish signal in the last 45 years. First leg up in
the 90's was 103.4%, second one which started in 2003 was
1012.4%.
That amazing Matt, I have been trying to figure out good
position sizes for the SPY system. So if I understand you
correctly, the allocations are not the same into SPY, SSO, UPRO.
First trade, with the 100k example, would be $2K(SPY), second
$4K(SSO), and third $6K(UPRO)? Occasionally with a fourth
position you would add another $6K into UPRO. Am I
understanding you correctly?
Posted by chapgolf on 23rd of Oct 2019 at 11:21 pm
Okay, I've got it, thank you. I guess my confusion is that
the McClellan oscillator is for the Nasdaq but you use it to trade
the $SPX? I suppose I don't know enough about the McClellan
oscillator. Something else to learn. Thanks again.
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FNV earnings today after market
FNV comments
Posted by chapgolf on 6th of May 2020 at 11:44 am
FNV earnings today after market close
There are no signals sent
Trading the BPSPX Morning guys. Need ...
Posted by chapgolf on 9th of Apr 2020 at 08:22 am
There are no signals sent out on the BPSPX but you can use the "Live Chart" URL to watch the chart yourself. The last signal coincided with the gap out of the 30 min wedge and was a good place to go long. I am hesitant to use it by itself but like to find other triggers to verify, such as pattern breakouts. The stop would go below the low that was made before the signal but I use the 120 min DVTS to manage stops.
If you are going to
Hi Matt, is the SPY system setting up for a ...
Posted by chapgolf on 9th of Apr 2020 at 08:18 am
If you are going to use the SPY system, you have to be able to buy the ETFs after the market closes at 4pm, extended hours are up to 8pm EST. He usually has the trade signal out before 4:15pm when options close. Sometimes he doesn't know if the signal is made until the last tick at 4pm.
The Renko chart updates intra
BPSPX follow up - re posting deleted the last post
Posted by chapgolf on 25th of Mar 2020 at 01:56 pm
The Renko chart updates intra day.
Matt, theRenko chart has now
Matt, thanks for last night recap. Concerning The Renko chart ...
Posted by chapgolf on 24th of Mar 2020 at 09:33 am
Matt, theRenko chart has now given a buy signal. What do you think of using the 5 min chart with the ribbons to look for the first pinch of the uptrend to buy?
I agree Matt, this looks
Matt/Steve, Can you advise where we are at on the ...
Posted by chapgolf on 18th of Mar 2020 at 02:13 pm
I agree Matt, this looks like a much safer system. I am going to cut loose my UPRO spy system position today as I am concerned it may just implode. Keeping SPY and SSO for now. I expect the options will expire worthless but who knows?
I love how the trend-lines
SPX 5 min
Posted by chapgolf on 17th of Mar 2020 at 12:26 pm
I love how the trend-lines magically appear on my chart while I am watching the live chart
Matt, I have also come
Matt - Can you please provide an update on when ...
Posted by chapgolf on 17th of Mar 2020 at 08:33 am
Matt, I have also come to the conclusion that the DVT might be my main focus after this crash. The SPY system has it's place but the one thing I haven't figured out is where to pull the plug on it and have a max loss amount. I am still in the SPY trades but wish I had stood aside. What I love about the DVT is always having a stop and avoiding this whole mess. Thanks for all your hard work.
This seems important.
Posted by chapgolf on 13th of Mar 2020 at 11:34 am
This seems important.
I just started trading options
Boy Once again the System slam dunks and now grabs ...
Posted by chapgolf on 5th of Feb 2020 at 09:31 am
I just started trading options this year to be able to use your system. Very happy with the results so far. Still a mystery to me what strike price you decide to pick. I have only been buying one option for each signal until I make sure I know how to enter and exit the trades. With my job, I also may not be able to execute the option trades after the market closes but that's manageable. Thank you very much.
Matt, I would like to
Wednesday's Newsletter
Posted by chapgolf on 9th of Jan 2020 at 08:58 am
Matt, I would like to use the 2 hour chart with the dynamic stop to trade SSO. What is the signal to go long, the ATR flipping from magenta to cyan? Since we only see the chart on the nightly newsletter, it would be done next day or is this one of the systems you are still working out before making it available intra day? If you have already explained this I apologize for not paying close attention. Love the systems approach as it puts my emotions in the back seat.
I see, thank you.
SPY and ES sysetms exel files trade history
Posted by chapgolf on 12th of Dec 2019 at 03:51 pm
I see, thank you.
So using the 2 hour
SPY and ES sysetms exel files trade history
Posted by chapgolf on 12th of Dec 2019 at 03:47 pm
So using the 2 hour chart on SPY, place stop just under $312.81 for the etf. The daily would be down closer to $307.13. That is if we want to keep our position.
Matt, you have mentioned MAIN
Posted by chapgolf on 7th of Dec 2019 at 09:54 am
Matt, you have mentioned MAIN as a dividend play. I was wondering if you could comment on the chart? Been consolidating lately. Thank you.
We appreciate it greatly!
RE the SPY system possible Trade alert - potential option ...
Posted by chapgolf on 3rd of Dec 2019 at 07:01 pm
We appreciate it greatly!
Matt, in order to trade
SPY System Trade List
Posted by chapgolf on 29th of Nov 2019 at 11:05 am
Matt, in order to trade the upcoming system, I want to make sure I have the accounts needed. I have a stock and futures account at TradeStation. I need to open an options account as well. I know many option traders prefer Think or Swim for options but since the only option trading I will be doing is the SPY system, would TradeStation be a good platform to use as well? I am trying to keep it as simple as possible by having all my trading accounts under TS. If I am trading the options, I suppose using the etf''s can be reserved for my 401k since I cannot trade options in my 401k and just use options for my regular trading accounts?
Matt, do you put a
Breakout trade doing well and additional comments
Posted by chapgolf on 7th of Nov 2019 at 11:27 am
Matt, do you put a stop on the ES positions?
$Silver Quarterly: Stefano Bottaioli posted
Posted by chapgolf on 3rd of Nov 2019 at 08:14 am
$Silver Quarterly: Stefano Bottaioli posted a similar chart on Twitter, third bullish signal in the last 45 years. First leg up in the 90's was 103.4%, second one which started in 2003 was 1012.4%.
That amazing Matt, I have
Systems and options data looking good
Posted by chapgolf on 1st of Nov 2019 at 04:10 pm
That amazing Matt, I have been trying to figure out good position sizes for the SPY system. So if I understand you correctly, the allocations are not the same into SPY, SSO, UPRO. First trade, with the 100k example, would be $2K(SPY), second $4K(SSO), and third $6K(UPRO)? Occasionally with a fourth position you would add another $6K into UPRO. Am I understanding you correctly?
Okay, I've got it, thank
!BINAMCSM Daily Chart - Slow Sto has not been below ...
Posted by chapgolf on 23rd of Oct 2019 at 11:21 pm
Okay, I've got it, thank you. I guess my confusion is that the McClellan oscillator is for the Nasdaq but you use it to trade the $SPX? I suppose I don't know enough about the McClellan oscillator. Something else to learn. Thanks again.